Bitcoin Price Turns Green: Poised for a Major Upswing

Bitcoin Price Turns Green: Poised for a Major Upswing


Bitcoin price started a fresh increase above the $70,000 resistance. BTC is showing positive signs and might rise further above the $72,000 resistance in the near term.

Bitcoin started a decent increase above the $69,500 and $70,000 resistance levels. The price is trading above $69,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $69,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $71,200 level. Bitcoin Price Eyes More Upsides

Bitcoin price formed a base and started a fresh increase above the $68,500 resistance. BTC was able to clear the $69,500 and $70,000 levels to move into a positive

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